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Batteries: Wunderlich Starts AONE, HEV With Hold Ratings Posted by Eric Savitz Wunderlich Securities analyst Theodore O’Neill this morning picked up coverage of both A123 (AONE) and Ener1 (HEV) with Hold ratings, taking a cautious stance on the outlook for the lithium-ion battery makers. O’Neill notes that both companies are among just three that have received funding from the U.S. Department of Energy to build out the lithium-ion battery infrastructure component of a domestic electric car food chain. He notes that it is going to be a very expensive industry to develop: the analyst figures it will take at least $1 billion of investment to meet demand for one tenth of one percent of the world’s cars, were those to become electric. Of the three companies who have received DOE funding, O’Neill notes that only Johnson Controls (JCI) has a record of serving the auto industry or has the infrastructure in place to service it. He says both AONE and HEV are starting from about the same point, and both are developing near-term capacity to supply 24,000 electric vehicle batteries per year for the same customer set. The analyst says they have an equal chance of success - but that both are behind JCI in infrastructure and customers. O’Neill contends that for lithium-ion batteries to penetrate a significant fraction of the world’s auto market, prices will have to come down about 50%. He thinks that can happen in 2014, when cumulative production hits about 150,000 electric cars. The analyst sets price targets of $9 on AONE and $3.50 for HEV. http://blogs.barrons.com/techtraderdaily/2010/07/15/batterie… |
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| aus der Diskussion: | A123 - Die Zukunft fährt elektrisch! |
| Autor (Datum des Eintrages): | kosto1929 (16.07.10 13:19:50) |
| Beitrag: | 87 von 458 (ID:39832040) |
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